The 5% Railway Conversion Loan of 1926 was issued to exchange railroad bonds secured on the state railroads of the former Austrian district:
- Hungarian-Galician Railway bonds
- bonds of the Emperor Ferdinand Northern Railway
- bonds of the Galician Railway of Charles Ludwig
- bonds of the Archduke Ferdinand Railway
- bonds of the Lviv-Chernitz-Jassy Railway Company
Bonds of this loan with a full coupon sheet are virtually unheard of - a great rarity.
A variety with a rarer watermark: "waves" (Type V according to J. Mazur Catalog).
